Another Record for Christie’s Hong Kong

A pink diamond no larger than a chickpea went for $10.8 million at a Christie’s Hong Kong auction, according to Bloomberg News. The stone had the second-highest rating available and a weighed 5 carats. It topped the per-carat record set back in May, when Hong Kong property investor Joseph Lau had picked up a 7.03-carat blue diamond at an auction in Geneva for $10.5 million.

The pink diamond was sent under the gavel by Graff Diamonds, a London-based jeweler, and the stone was sold to a phone bidder who was one of the only to beat out Liu Yiqian and his wife, Wang Wei at this auction.